IN BRIEF: Onward Opportunities buys minority stake in Mission Group

Onward Opportunities Ltd - UK smaller companies-focused investment firm - and Mission Group PLC - ...

Alliance News 19 July, 2024 | 7:34PM
Email Form Facebook Twitter LinkedIn RSS

Onward Opportunities Ltd - UK smaller companies-focused investment firm - and Mission Group PLC - Devon, England-based owner of digital marketing and communications agencies - Onward acquires 6.3% of stake in Mission through purchase of 5.8 million shares worth total GBP1.2 million. Acquisition funded through existing company cash. In year ended December 31 Mission reported revenue of GBP86.3 million and adjusted pretax profit of GBP4.2 million. Mission net assets at December 31 were GBP76.4 million.

Onward current share price: 123.50 pence, closed up 1.2% in London on Friday

12-month change: up 17%

Mission current share price: 25.75 pence, closed down 1.0% in London on Friday

12-month change: down 44%

By Aidan Lane, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Mission Group PLC 26.00 GBX 0.00 -
Onward Opportunities Ltd 122.00 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures